Kent, WA

Not too many of us are familiar with IRS Form 4506-T, but we should be. I was just reading an article about the use and misuse of this form over the years. As real estate agents, we need to stay informed so that we can advise our clients on important matters.

IRS Form 4506-T authorizes loan officers to get electronic transcripts from the Internal Revenue Service covering multiple years of your clients Federal income tax filings. At one time this form was used mainly for self-employed individuals or those with unusual incomes. But now, Fannie Mae recently directed lenders to obtain two sets of electronic transcripts for all borrowers, regardless of income sources- a 4506-T up front and another at closing. This new rule was implemented to help spot fraudulent income claims and limit loan loses.

Earlier in the decade controversy erupted in the mortgage industry because some lenders were requiring closing agents to instruct applicants to sign Form 4506-T but not date them or fill in the transcript years being requested. This countermanded IRS instructions on the proper use of the form and gave lenders and investors the ability to check incomes whenever they chose, even long after closing.

Fannie Mae and most major lenders are tightening standards and double checking everything. When it comes to checking your income, they want to verify it twice. All agents should be aware of the importance of this form and get used to seeing it twice during the mortgage cycle.

• This is a powerful form and should be taken seriously. If misused it could expose otherwise confidential personal information to an uncontrollable number of people.
• Filling in the tax years requested periods is important and the signed form must reach the IRS within 60 days of signing or they will not provide the information.

To become more familiar with the form and to point out the importance of filling it our properly to your clients, you can print out a copy at Form 4506-T

Greg Saffell

(206) 617-2247

REMAX Performance Plus

Information About Kent WA Real Estate

gregsaffell@comcast.net

As I left for an appointment this morning I was hit with these bright colorful leaves. What a remarkable time of the year. Color is everywhere as the leaves turn yellow, orange, red and all hues in between. We enjoyed a long warm summer in the Kent, Wa area this year, and this colorful display is a nice transition to the cooler weather surly to arrive soon. As I drove from my home in Kent to downtown Seattle it was difficult to stay focused on the road ahead with all the colorful distractions. Rain crept in a little later pummeling the trees and thinning the leaves while the wind scattered them in all directions. Natures beauty never ceases to impress.

Greg Saffell

(206) 617-2247

REMAX Performance Plus

Information About Kent WA Real Estate

gregsaffell@comcast.net

It wasn't the normal recycling day, but the truck arrived anyway. This visit was special and the truck was here to help celebrate this 4 year olds birthday. On most trash and recycling days this boy, along with his younger brother and accompanied by their mother, watch with fascination as the trucks perform their routine task, it's become a regularly weekly event.
The boys mother thought it would be fun to ask the company to send a truck to celebrate her sons birthday, and the company agreed. Ten children were in attendance when the enormous truck arrived and demonstrated it's capabilities. The kids were also shown a video about staying safe around large trucks. Each child was also invited to visit the cab and pull the horn cable in celebration.
I was impressed with the company and was lucky to photograph the event. Hats off to Allied Waste Services in Kent for being such a great sport and helping to make this birthday memorable.

Greg Saffell

 (206) 617-2247 

REMAX Performance Plus 

Information About Kent WA Real Estate 

gregsaffell@comcast.net

Kent Wa company helps celebrate kids birthday, sends trash trucK.

Townhome for sale in Kent, Washington - The Meadows at Riverview MLS# 29125395 - $242,950

Larry Lamb - John L Scott Real Estate - KMS

For more information on this listing ring my cell, 206.841.4041 and visit my website!

 The popular Riverview community is minutes to a variety of local conveniences, Kent Station, Southcenter, major commutes and more.  This fresh and stylish townhome for sale features true open concept living areas on the main floor - an outstanding kitchen with hardwood floors and bistro eating area, formal dining room plus a beautiful living room with access to your private patio.  The main floor also has a convenient half bathroom.  On the upper level you'll find two spacious bedrooms, each equipped with their own private bathroom.  Laundry facilities are thoughtfully located on the bedroom level in this attractive townhome for sale. Gas utilities are utilized for forced air heating and hot water.  An added feature is the tandem depth garage with plenty of storage area.

Outdoors you'll enjoy the private patio, and the peace of mind of the gated community, The Meadows at Riverview.  The community offers walking and biking trails, play areas, and a neighborhood sports court.  

Riverview is a planned community of several different housing developments. The Homeowner Association does an excellent job of maintaining the landscaping as you drive down Riverview Boulevard on your way to this townhome for sale.

This townhome was built in 2003, is 1293 square feet and has 2 bedrooms and 2 ½ bathrooms.  It is located in the Kent School District and is served by Neely O'Brien Elementary School, Mill Creek Middle School and Kent-Meridian High School.  Property taxes for 2009 are $2785.  HOA dues are $248 per month and include water & sewer utilities plus community landscaping.

Homeowners in The Meadows at Riverview love the close proximity to the newly renovated Westfield Southcenter (formerly Southcenter) shopping mall with over 240 stores.  The Seattle-Tacoma International Airport is literally minutes away.  Downtown Kent offers the conveniences of the Kent Station for shopping, dining, movie theaters and The Sounder for easy commutes into Seattle. 

This townhome for sale offers the lifestyle many people are seeking. An attractive setting, grounds always maintained to a high standard, security of a gated community and close proximity to your everyday needs.  It's easy to see why so many homeowners love coming home to The Meadows at Riverview.

To search for homes throughout the Pacific Northwest, check out my interactive search!

 Listing information provided by Larry Lamb at John L Scott - KMS - call Larry at 206.841.4041

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Kent real estate- the least and most expensive home on the market today is an interesting study in contrast. As you might expect the least expensive home is bank -owned and has been on the market for almost two months. The expensive home is still waiting for it's first owner and has been on the market since January. The first home is part of a Kent tri-plex and is listed for $127,100. The second home is listed for $3,200,000. With this range in pricing there is something for almost any buyer in the city of Kent. If you're still looking for your dream home in Kent, Wa contact me, I know where they are.

Bargain home

1 Bedroom, 1 bathroom in 720 square feet of living space
Approximately $ 176. per square foot

Expensive home

3 Bedrooms, 5 bathrooms in 6500 square feet of living space
Approximately $ 5,000 per square foot

Greg Saffell

(206) 617-2247

REMAX Performance Plus

Information About Kent WA Real Estate

gregsaffell@comcast.net

Kent real estate-the least and most expensive home on the market today